PRD Palm Beach

40-42 Palm Beach Ave, Palm Beach, QLD, 4221

07 5534 6044

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DEVELOPMENT SITE/INVESTMENT OPPORTUNITY

DEVELOPMENT SITE/INVESTMENT OPPORTUNITY

Property ID: 1029207

CURRUMBIN 98 Duringan Street

Listing Rooms5
Listing Bathrooms4
Listing Parking3

For Sale OFFERS OVER $2 MILLION

An extremely rare opportunity has momentarily presented itself to purchase a prime development site in a much sought-after Currumbin location directly opposite Winders Park and Currumbin Creek.

The north facing site would be ideal for a boutique development offering a unique lifestyle opportunity with great views of Currumbin Creek and beyond.

The site currently has improvements consisting of a well-maintained block of 3 flats all fully tenanted on fixed term leases offering a guaranteed return on your investment while exploring future development opportunities.

• 503m2 block with a 16m frontage, medium density residential (RD5),15m height limit;
• 2x2 bedroom plus 1x1 bedroom well maintained flats all with park and creek views;
• All units are spacious with generous bedrooms and abundant storage;
• Current gross rental return approximately $57,000 per annum;
• Covered off street parking for 3 vehicles;

The property is in an excellent location with access to a walking track that takes you around to the Currumbin Alley surf break and beaches without any roads to cross. There are local shops and cafés within an easy walking distance and access to water activities directly opposite.

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Suburb Profile

Median Unit Price

685000

Suburb Growth

15%
Peak Sale Month - January
Peak Sales - 3